Gabon, a member of the CFA zone, is hit by low international oil prices and falling production. Consequently, the 2015 current account is expected to turn into a deficit for the first time in sixteen years; at the same time, insufficient capital inflows are likely to force withdrawals from the shrinking foreign exchange buffer. Based on Gabon’s deteriorating liquidity position, its short-term risk classification was downgraded to category 4/7.